Funding arb · Price arb /

XLE

RWAall XLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0066%/8h= +7.2% APRpaid last 24h +0.005%

Price spread now: tradeXYZ against SunX−0.154%7-day average −0.088% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.167%+$17 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.154%, 7d avg −0.088%

Together, before fees+0.219%+ Points / potential airdroptradeXYZ: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.066% cheaper against SunX than usual: you would sell low and buy high (spread −0.154% now, against its 7-day average of −0.088%). If the spread goes back, that is −$7 on $10k: about 3.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XLE-USDT	62.868	0	get 0.0000% / 8h	30m 47s	$1K	$3.9M	10x
Short	tradeXYZ xyz:XLE	62.771	0.0066	get 0.0008% / 1h	30m 47s	$2.4M	$3.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee tradeXYZbpOrdersPrice spread, now −0.154%Rate

Funding earned: $13.86
Price spread: −0.154% → −0.088%: −$6.61
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$18.76
Costs to cover: 0.260%
Break-even: 16.5 days

Slippage unknown: SunX: live order book, 8 min ago; tradeXYZ: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 8 min ago	47.73 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	2.79 bp	15.7 bp −$16	doesn't fit	doesn't fit	doesn't fit

XLE on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin XLEUSDTM	−0.0289%	8h	62.670	−0.315%	$819K	$729K	20x	as long as short
BloFin XLE-USDT	−0.0024%	8h	62.730	−0.220%	$58K	$9K	20x	as long as short
Aster XLEUSDT	0.0000%	8h	62.828	−0.063%	$4K	$9K	20x	as long as short
Binance XLEUSDT	0.0000%	8h	62.903	+0.056%	$793K	$925K	20x	as long as short
Bybit XLEUSDT	0.0000%	8h	62.850	−0.029%	$322K	$202K	25x	as long as short
OKX XLE-USDT-SWAP	0.0000%	8h	62.820	−0.076%	$301K	$539K	20x	as long as short
Gate XLE_USDT	0.0000%	8h	62.700	−0.267%	$64K	$12K	20x	as long as short
MEXC XLE_USDT	0.0000%	8h	62.810	−0.092%	$220K	$86K	20x	as long as short
Bitget XLEUSDT	0.0000%	8h	62.830	−0.060%	$95K	$82K	20x	as long as short
Variational Omni XLE	0.0000%	8h	62.853	−0.023%	$44K	$15K	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT XLE_USDT_Perp	0.0000%	8h	62.834	−0.054%	$13K	$163K	10x	as long as short
SunX XLE-USDTlong	0.0000%	8h	62.868	long leg	$1K	$3.9M	10x
HTX XLE-USDT	0.0000%	8h	62.717	−0.240%	$5K	$35K	10x	as long as short
QFEX XLE-USD	+0.0033%	1h	62.800	−0.108%	$1.2M	$4.0M	30x	as long as short
tradeXYZ xyz:XLEshort	+0.0066%	1h	62.771	−0.154%	$2.4M	$3.8M	20x
edgeX XLEUSDC	+0.0640%	4h	62.866	−0.003%	$48K	$209K	10x	as long as short